BOSTON--(BUSINESS WIRE)--Corporate Responsibility Magazine (CR Magazine) has named Cabot Corporation (NYSE:CBT) to its 20th annual 100 Best Corporate Citizens list, recognizing outstanding environmental, social and governance (ESG) transparency and performance amongst the 1,000 largest publicly traded U.S. companies. Cabot ranked #47 on the 2019 list.
“We are very pleased to be recognized for our ESG efforts two years in a row, and to be in the top 50 this year is an honor,” said Martin O’Neill, senior vice president, safety, health and environment, Cabot Corporation. “Our Cabot colleagues from all over the world are empowered and motivated to make a meaningful difference every day. We are proud of the commitment our team at Cabot shares for our sustainability journey –that enables us to have a positive impact on our employees, customers, communities and our world.”
This is Cabot’s second consecutive year on the Best Corporate Citizens list. Cabot continues to be recognized by customers and third-party organizations for its commitment to excellence in safety, health and environmental affairs as well as for outstanding innovation and customer service. In addition to the CR Magazine recognition, Cabot was recognized with a gold level rating for the third consecutive year by EcoVadis, an independent assessment organization that evaluates sustainability performance in the areas of environment, labor practices & human rights, fair business practices and sustainable procurement.
The 100 Best Corporate Citizens ranking is based on 134 total corporate disclosure and performance factors in seven categories: climate change, employee relations, environment, finance, governance, human rights and stakeholders and society.
100 Best Corporate Citizens rank the Russell 1,000 Index and research is conducted by ISS-ESG, the responsible investment research arm of Institutional Shareholder Services. There is no fee for companies to be assessed.
To compile this ranking, information is obtained from publicly available resources only, rather than questionnaires or company submissions. Companies have the option to verify data collected for the ranking at no cost.
"U.S. corporate leadership matters more than ever to drive progress on environmental and social topics like climate change,” said Dave Armon, CEO of 3BL Media, which publishes CR Magazine. “CR Magazine is proud to celebrate 20 years of advancing ESG transparency and performance through the 100 Best Corporate Citizens. Each year, we measure the increasingly competitive progress of brands on ESG topics. Transparency and public commitments make corporate responsibility and sustainability programs stronger. We congratulate those honored on this year's ranking for their commitment to the triple bottom line."
For more information on Cabot’s sustainability initiatives, please visit: cabotcorp.com/sustainability.
See the complete 100 Best Corporate Citizens of 2019 ranking here.
About Cabot Corporation
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
About the 100 Best Corporate Citizens Ranking
The 100 Best Corporate Citizens ranking was first published in 1999 in Business Ethics Magazine and has been managed by CR Magazine since 2007. To compile the ranking, every company in the Russell 1000 is ranked according to 134 total ESG factors, emphasizing transparency and performance.
About Corporate Responsibility (CR) Magazine
3BL Media produces and publishes CR Magazine for CEO interviews, practitioner resources, and our annual ranking of U.S. companies and Responsible CEO of the Year awards. 3BL Media also produces 3BL Forum: Brands Taking Stands, our annual summit where corporate leaders share their ‘why’ and ‘how’ of sustainable business - held Oct. 29-30, 2019, at MGM National Harbor, outside Washington.
About 3BL Media
3BL Media delivers purpose-driven communications for the world’s leading companies. Our unrivaled distribution, leadership and editorial platforms inspire and support global sustainable business, reaching 10+ million change-makers. Learn more here.